How the government is killing Indian startups

Some of the recent moves by the Indian Government & its associated Institutions are hurting Indian Startups real bad.

Here’s how –

1. No Automatic Online Payments, thanks to ‘3D Secure’- RBI says, “We will not allow businesses to charge credit cards automatically, even if the credit card holder authorizes such a permission. Each time a transaction is done, a manual intervention by the card holder is necessary.” This is DUMB. This prevents companies from billing a customer on regular intervals automatically. This is inconvenient for the users and kills SaaS companies. Continue reading “How the government is killing Indian startups”

Advertisements
How the government is killing Indian startups